Temporary funding till T+2+5
Modified on: Fri, 5 Aug, 2022 at 2:00 PM
Navia allows you to buy certain stocks in for delivery in equity segment by paying only 50% of the value of the stock. You have time until Trade day (T)+2+5 days (effectively 5 days from settlement) to pay the balance 50% and get the shares transferred to your demat account. This is the temporary funding offered by Navia as a unique facility to all its clients. This temporary funding is offered for only selected stocks and is offered under CNC product itself in Rocket and NRML product in Rocket Plus trading software. Such funded stocks are transferred to the client un-paid securities account (CUSA) on the settlement day. As per guidelines Navia is allowed to fund stocks only for 5 days in the CUSA demat account. If you do not fully pay for these share by that time, then Navia would sell the shares and credit the sale proceeds to your trading account.
For more details refer the CUSA policy section here